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News Explorer — Bitcoin Hovers Above $27K, a Nine-Month High, Following Federal Reserve Action

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Mar 17, 11:32 pm
Forbes

Bitcoin Hovers Above $27K, a Nine-Month High, Following Federal Reserve Action

Bitcoin prices surged today, reaching multiple nine-month highs as the digital currency extended its recent gains. The cryptocurrency rose to this level after a week of bank failures, including Silvergate Capital Corporation, Silicon Valley Bank, Signature Bank, and Credit Suisse. Investors are also concerned about the Federal Reserve's decision to increase benchmark rates, which could have a negative impact on risk assets.

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